Wednesday, September 15, 2010

CPO - Exit On My Stop Loss Level


Date of entry: 6 Sept 2010
Long CPO Nov 2010 At The Open
I longed CPO Nov 2010 Future contract for one contract at the open at the price of 2590. It is a breakup and the price is now at above moving average.

Date: 15 Sept 2010
CPO - Waiting To Be Executed
CPO yesterday closed at 2643 forming a bearish engulfing candlestick pattern. Technically speaking, the current up trend is over for now and a sideway is ahead. I am still holding my long position and waiting to be 'executed'. My stop loss is near.

Date of exit: 15 Sept 2010
CPO - Exit On My Stop Loss Level
My Position was finally executed. The price hit my stop loss at 2623 with a gain of 31 points only.


The balance of my account is RM 26,875 after the profit of RM 775 (31points x RM25 x1contract = RM775) (The details of my account is at My Future Trading Account Records 2010 )

5 comments:

  1. hi abel,
    you will make good money this round

    ReplyDelete
  2. Thank you Anonymous. Let's see

    ReplyDelete
  3. Hi Abel,
    What do you mean by "waiting to be executed"? You can still take profit right now.

    ReplyDelete
  4. Hi,
    It is because I am sticking to my trading plan; placing stop loss I mean so even the bearish engulfing pattern emerged, I still have to hold on till it hit my stop loss to exit.

    Thanks

    Abel

    ReplyDelete
  5. I think we are eyeing the same price 2624.

    Zack Tan

    ReplyDelete